Trading jumped sharply on the US dollar market of the Jamaica Stock Exchange on Wednesday, with a 191 percent surge in the volume of stocks traded, accompanied by a 143 percent jump in value over Tuesday. Market activity resulted in an exchange of six securities, compared with 12 on Tuesday with prices of two rising, one declining and three ending unchanged.
The market closed with an exchange of 514,653 shares for US$26,484, up from just 177,061 stocks at US$10,906 on Tuesday.
Trading averaged 85,776 shares at US$4,414, well over the 14,755 stocks at US$909 on Tuesday. Trading for the month to date averaged 33,020 units at US$2,225 compared with 18,632 stocks at US$1,628 on the previous day and October that ended with an average of 35,022 units for US$2,855.
The US Denominated Equities Index shed 2.76 points to finish at 187.18. The Investor’s Choice bid-offer indicator shows none ended with a bid higher than the last selling price and none with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 9.3. The PE ratio is computed by using the last traded price divided by projected earnings, computed by ICInsider.com for companies with the financial year ending around August 2026.
At the close, First Rock Real Estate USD share remained at 3.2 US cents, with 572 shares crossing the market, Productive Business Solutions ended at 74 US cents in an exchange of 40 stock units, Proven Investments fell 0.2 of one cent in closing at 10 US cents after 181,083 shares passed through the market and Transjamaican Highway popped 0.02 of one cent to end at 2.42 US cents after trading of 332,906 stocks.
In the preference segment, JMMB Group US8.5% remained at US$1.15 with an exchange of 34 stock units and Sygnus Credit Investments E8.5% increased 5 cents and ended at US$10, with 18 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.